Texas Special District Local Laws Code 4501.104 – General Property Powers
Current as of: 2024 | Check for updates
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Terms Used In Texas Special District Local Laws Code 4501.104
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: means real and personal property. See Texas Government Code 311.005
The authority may:
(1) acquire, own, lease, operate, construct, maintain, repair, improve, or extend improvements, equipment, or any other property necessary to accomplish an authority purpose; or
(2) lease or otherwise convey authority property to private parties for an authority purpose.